US: Inflation Pressures Ease in July, But Remain at 40-Year High    

Consumer price inflation was flat in July after having increased by 1.3% month-over-month (m/m) in June. On a year-over-year basis, inflation decelerated 0.6 percentage points (pp) from June, rising by 8.5%. After making sizeable contributions in each of the last two months, energy prices fell by 4.6% m/m, as both gasoline (-7.7% m/m) and energy […]

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